Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 7.00

Nest Co

Nest Co. issued 100,000 shares of common stock. Of these, 5,000 were held as treasury stock at December 31, 2005. During 2006, transactions involving Nest’s common stock were as follows:

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May 3

1,000 shares of treasury stock were sold.

August 6

10,000 shares of previously unissued stock were sold.

November 18

A 2-for-1 stock split took effect.

Laws in Nest’s state of incorporation protect treasury stock from dilution. At December 31, 2006, how many shares of Nest’s common stock were issued and outstanding?

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Shares
 

Issued

Outstanding

a.

220,000

212,000

b.

220,000

216,000

c.

222,000

214,000

d.

222,000

218,000

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 11:09 PM My Price 7.00

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